Is Center, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Center has remained a Seller's Market.
Key Takeaway
Center is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Center, VA
How much do homes in Center, VA cost?
Median Sold Price
$550,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Center have sold for 16.1% more than they did a year ago.
Summary: The median home sold price in Center was $550,000 in April 2024, up 16.1% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $203.1K | N/A |
| 2 Bedrooms | $312K | $243.5K | -22.0% |
| 3 Bedrooms | $435K | $470K | +8.0% |
| 4 Bedrooms | $582.5K | $639.9K | +9.9% |
| 5+ Bedrooms | $599.2K | $722.5K | +20.6% |
Summary: Center housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 20.6%.
Housing Supply in Center, VA
How many homes are available in Center, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 | 86 | +13.2% |
Summary: The Center real estate market had 86 homes for sale in April 2024, a 13.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 31 | 32 | +3.2% |
| 4 Bedrooms | 34 | 37 | +8.8% |
| 5+ Bedrooms | 8 | 14 | +75.0% |
Summary: The Center housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Center, you could pay more than the asking price. 65.2% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Center in April 2024, down by 11.5% month-over-month. Of the 23 sold homes, 17% were sold under asking, 17% were sold at asking, and 65% were sold over asking.
Days on Market for Center, VA
How long does it take to sell a home in Center, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 35 Days | +104.0% |
Summary: Homes in Center had an average of 35 days on market in Apr 2024, up by 104% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Center are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in Center; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.